Cost of construction $125,005,705
Receipts from water rates (1902) 7,797,890
Receipts from land taxes (1902) 4,066,985
Total revenue from all sources (1902) 11,864,875
Working expenses (1902) 3,509,600
Net revenue (1902) 8,355,275
Interest on capital invested 4,720,615
Net revenue, deducting interest 3,634,660
Profit on capital invested, per cent 6.97
Net profit to the government, per cent 3.04
In addition to this revenue from the "major" irrigation works
belonging to the government, the net receipts from "minor" works
during the year 1902 amounted to $864,360 in American money.
In other words, the government of India has invested about
$125,000,000 in reservoirs, canals, dams and ditches for the
purpose of securing regular crops for the farmers of that empire
who are exposed to drought, and not only has accomplished that
purpose, but, after deducting 3-1/2 per cent as interest upon
the amount named, enjoys a net profit of more than $3,500,000
after the payment of running expenses and repairs. These profits
are regularly expended in the extension of irrigation works.
In the Sinde province, which is the extreme western section of
India, adjoining the colony of Beluchistan on the Arabian Sea,
there are about 12,500,000 acres of land fit for cultivation. Of
this a little more than 9,000,000 acres are under cultivation,
irrigated with water from the Indus River, and the government
system reaches 3,077,466 acres. Up to December 31, 1902, it had
expended $8,830,000 in construction and repairs, and during that
year received a net revenue of 8.5 per cent upon that amount
over and above interest and running expenses.
In Madras 6,884,554 acres have peen irrigated by the government
works at a cost of $24,975,000. In 1902 they paid an average
net revenue of 9.5 per cent upon the investment, and the value
of the crops grown upon the irrigated land was $36,663,000.
In the united provinces of Agra and Oudh in northern India the
supply of water from the Himalayas is distributed through 12,919
miles of canals belonging to the government, constructed at a
cost of $28,625,000, which irrigates 2,741,460 acres. In 1902
the value of the crops harvested upon this land was $28,336,005,
and the government received a net return of 6.15 per cent upon
the investment. The revenue varies in different parts of the
provinces. One system known as the Eastern Jumna Canal, near
Lucknow, paid 23 per cent upon its cost in water rents during
that year. In other parts of the province, where the construction
was much more expensive, the receipts fell as low as 2.12 per
cent.
Public-domain text, read in full here on John Shaqi.
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